This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to import an average of 8.1 million BPD. In the previous article , I discussed the reasons the U.S. exports oil, despite the fact that we are still a significant net importer of crude oil. In a nutshell, the quality of the oil that is being exported is often a better fit for foreign refineries than the oil that is imported. It may also be logistically preferable to ship domestic oil to certain foreign refineries. From 1975 until late 2015, a crude oil export ban restricted crude oil exports from the U.S. to all countries besides Canada. In the years leading up to the U.S. shale oil boom, the U.S. was exporting less than 30,000 BPD to Canada. By 2013, crude oil exports to Canada had jumped to 134,000 BPD. […]